Also by comparison AsicMiner is approx 60,000,000mhs/400,000 = 150mhs /share
150mhs/.4mhs = 375x valuation
2.8btc/375 = .0074 price per share of labcoin
hmm, maybe your calculation is incorrect say LC share is now 0.003 per share and its 0.4Mh/s AM say its 3 btc per share, you say its 150Mh/s ok therefore multiply 1000 to 0.003 to bring it to 3btc, therefore its Mh/s will also be 1000 x .4 = 400Mh/s per share at 3 btc for LC thats if you have 1000 share of 0.003. so LC wins, correct me if wrong |
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That was really dumb of Swede to post. Hi, I can't get a hold of the company with all of your money? Are you kidding? First, even if you can't get a hold of him you shouldn't post such non sense.
Post something generic, no news update yet, should be soon ect. blah blah. The fact that they have a communication problem is scary.
You seem to be twisting his words quite a bit. Let me quote: "I just wanted to stop by and say that I have not been able to talk to Sam today. I do realize that "next week" is here and as soon as I have anything to report I will. I realize a "nothing to report yet" report is just that, but as soon as I hear anything it will be posted here and on BTCT.CO news section." I appreciate this update, and is much better than silence. You want to know how much silence will rip you apart? -- Go look at activemining. Ken is a silent prick who doesn't give updates at all. Meanwhile his shareholders are shitting their pants. Be grateful that we heard TheSwede say something. 1 day of no communication is okay. 3 weeks of no communication from ken slaughter is not. As far as I'm concerned, Labcoin is still the best with informing us with up to date information, even if the update is "sorry, not yet". Activemining investors are begging Ken to do SOMETHING. Even a fart would be amazing. Labcoin investors are spoiled brats, and should shut the fuck up, IMO. Anyone else find it funny (tragic) that in 10-20 pages of mostly useless rants and FUD, VE manages to have one of the calmer and more rational comments? +1 for everything he said. I'd like to add: We are investing in a Chinese bitcoin mining startup. Language, time zones, priorities, etc are all going to get in the way of the stable path to Rick Jones status. There are going to be times when it sucks not having enough information. For all those who are so ready to break out the "there are no chips, they're running off with our BTC, it's a scam" mantra - there are real world consequences for someone to attempt this. For most business owners that have a lot to lose, this isn't the kind of money that you risk jail time or worse with. Is it possible? Yes. It's not probable though, especially in China where the authorities frown upon fraudulent crowd-funding. Also, they're communication leaves a lot to be desired. Many otherwise solid companies have this problem though and I'd prefer they were a solid engineering company with mediocre communications than the other way around. Stop freaking out - unless you have your credit card maxed out on LC, hoping that it makes you rich then you should be comfortable with your investment. If you're that guy, don't be that guy or good luck. so those who spread the fud are in big trouble? |
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Woke up, checked price. Nothing changed over night...  I wonder if more people now are angry or happy with trading in the last hours. I'm a bit bummed that I didnt try to get more shares out of the panic selling, but I still have a decent bit of shares so I'm happy haha... not too good at day trading so I didnt want to risk it XD it will go mad high soon, after people who missed read the update and those who went off before update |
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Next week predictions, post will look like this: - happy with buys below 0.004
- regret selling around 0.0035
- share locks, yet?
- big bubble
- amazing company
- scam!!!
- sell sell sell
- they are totes out to fab
- amazing company
not sure if I missed anything. Edit: You forgot "amazing company". I know you listed that once, but you should have listed it twice.
I think I got the week pretty accurate so far. he must be working with devil to reveal some of future |
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wohoo update on btct, now people will go nuts to buy
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becuase swede said will do that, but instead labcoin posted the news, so not sure if he was thinking same like swede to post on btct |
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Nice! I wonder how/why that happened. In a transaction, the fee is just the difference between the amount in inputs, and the amount in outputs, it is not a number explicitly written anywhere. A mistake can happen when you build a transaction "by hand", usually using your own lines of code that have a bug somewhere. i dont understand XD is it like AM owns that 200 btc? |
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Wasn't the first chip batch supposed to get labcoin around 6 TH/s? If that estimate is now 3-4 presumably the chips didn't meet expectations, which has bigger implications for the "full speed" that's supposedly coming in October.
properly he gave an estimate, cause they need to put it together, then steadily put more together until full speed It seems a bit alarming that his estimate was impossibly optimistic XD i believe full potential can be 6TH as you said, but in reality when you set it up as fresh start, it will run normal speed, not sure if they made there own coding, so whats left is tweaking to put it upto 6TH. edit: on other hand the full speed, properly he meant, more chips, build it, put it online as weeks go by , after 10 sept when we hashing, till planned full speed and suck some %% from network |
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i think those burned has stopped officially, they will get heartache if they see the good news now
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Wasn't the first chip batch supposed to get labcoin around 6 TH/s? If that estimate is now 3-4 presumably the chips didn't meet expectations, which has bigger implications for the "full speed" that's supposedly coming in October.
properly he gave an estimate, cause they need to put it together, then steadily put more together until full speed |
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I officially declare Swede is a 2B and he's fired.
Give the guy some sleep  2B... what is 2B? to be? |
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Status update
We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.
wow pictures will be coming too yeah why not today ? i think statement above is a lie, becouse of no proof behaviour pattern is very close to fairy tellers Your two hours late with bullshit true, price will sore up high soon |
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I officially declare Swede is a 2B and he's fired.
maybe the good news was there and swede didnt bother phone them up, for the week update |
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Status update
We have received the first chip batch and we're working full speed on finalizing the controller board design, mining will start no later than 10 September with about 3-4 TH, and to reach the full speed within October. Dividend payments will start on the same week.
We again remind everyone that the team shares won't be sold. We understand the investors concerns and we will be publishing pictures of the installment as soon as we are able to, before mining will start.
wow pictures will be coming too |
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i feel sad , they are burning them self, more heartache,
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not sure who is selling and why, properly they haven’t checked the update
edit: whats missing is update news on btct
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20,000 sell walls.
dont worry, the price will sore up hard, once we near to hashing date |
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Ok so where are all those people that were yelling scam and getting out?
Buying back in! I must admit, I guess my call was wrong on this one. Even so, with the information we had at that point, I think a warning was advisable. Anyway congratulations holders, and allow me to take some of this profit home as well . well, you were correct before the update to be cautious in this environment is a sane mindset I´m back bidding now I'm still holding this "bag"  Congratulations! Still one more word of caution on my part: Even though this news is fantastic, how do we know it isn't complete BS? Some pictures or anything more concrete would be nice. when swede said, no report, he added he will find out today or tommorrow. looks like good news was true |
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also its about week and half away until they are online, really super.
man, its one hell scary ride, now its shining
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this will go now 0.004+ , wow nice TH for the share price.
good news i admit
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